Saudi Arabia’s insurance companies reported a 4% decline year-on-year (YoY) in the number of employees to 11,210 in 2019, compared to 11,730 in 2018, the Saudi Arabian Monetary Authority (SAMA) said in its insurance report for 2019.

 

The number of Saudi nationals working in the insurance companies increased to 74.3%, or 8,334, of total workforce by the end of 2019, compared to 72.3% in 2018.

 

Meanwhile, the number of non-Saudis declined 11% YoY, reaching 2,879 over the same period.

 

Number of Employees in Insurance Companies in 2019

 Nationality

2018

2019

Variation

Non-Saudi

3,243

2,879

(11%)

Saudi

8,483

8,334

(2%)

Total

11,726

11,213

(4%)

Saudi nationalization rate

72.3%

74.3 %

--

 

The number of Saudi nationals holding administrative posts reached 1,421, or 60% of the total labour.

 

Number of Employees in Administrative Jobs in Insurance Companies

 Nationality

2018

Percent to total

2019

Percent to total

Non-Saudi

882

45 %

955

40 %

Saudi

1,065

55 %

1,421

60 %

Total

1,947

100 %

2,376

100 %

 

The number of Saudis working in non-administrative posts stood at 6,913 employees, or 78% of total workforce, reaching 8,837.

 

Number of Employees in Non-Administrative Jobs Insurance Companies

 Nationality

2018

Percent to total

2019

Percent to total

Non-Saudis

2,361

24 %

1,924

22 %

Saudis

7,418

76 %

6,913

78 %

Total

9,779

100 %

8,837

100 %

 

The number of employees with insurance service providers reached 5,854, 71% or 4,153, of them are Saudis.

 

Number of Employees working with Insurance Service Providers

 Nationality

Non-Administrative Jobs

Administrative Jobs

Total

Non-Saudis

1,319

382

1,701

Saudis

3,440

713

4,153

Total

4,759

1,095

5,854

Saudi nationalization rate

72 %

65 %

71 %

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